{"id":18160,"date":"2020-04-22T07:12:09","date_gmt":"2020-04-22T11:12:09","guid":{"rendered":"https:\/\/insurancenewsnet.com\/?post_type=innarticle&p=5399928"},"modified":"2020-04-22T07:12:09","modified_gmt":"2020-04-22T11:12:09","slug":"consumers-looking-to-buy-life-insurance","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/04\/22\/consumers-looking-to-buy-life-insurance\/","title":{"rendered":"Consumers Looking To Buy Life Insurance"},"content":{"rendered":"
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Half of all consumers are interested in increasing or buying life insurance, but they are 90% certain that they don\u2019t want to do business face-to-face.<\/p>\n

That is according to a survey conducted at the end of March, as COVID-19 and lockdowns were spreading nationally.<\/p>\n

Young people were also more interested in life insurance. With 37% of respondents age 18 to 39 likely to buy or increase life insurance, they doubled the percentage of those 40 and over who were interested in buying or increasing at 19%.<\/p>\n

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Nearly nine out of 10 consumers of all ages did not want to go to an agent\u2019s office, with 89% saying they would shop online.<\/p>\n

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But when it came to filling out documents, only 8.95% of the respondents said they were OK with going to an office.<\/p>\n

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Consumers at that time were already cutting expenses, with 64.5% trimming their personal spending. Even at that point, they were not likely to have many spending opportunities, considering 82% were afraid to leave their homes. More than half (56%) were worried about their finances.<\/p>\n

In that first month of lockdowns, 24% contacted insurance across all lines with concerns about coverage. Only 27% were considering reducing their auto coverage because they were not using their vehicles as much.<\/p>\n

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The survey of more than 1,000 consumers was conducted on March 29 by Lightico, in partnership with Sapiens.<\/p>\n

Steven A. Morelli is editor-in-chief for InsuranceNewsNet. He has more than 25 years of experience as a reporter and editor for newspapers and magazines. He was also vice president of communications for an insurance agents\u2019 association. Steve can be reached at [email protected]<\/a><\/em><\/span><\/p>\n

\u00a9 Entire contents copyright 2020 by InsuranceNewsNet. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.<\/span><\/strong><\/p>\n<\/div>\n

Read the original article at insurancenewsnet.com <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Half of all consumers are interested in increasing or buying life insurance, but they are 90% certain that they don\u2019t want to do business face-to-face. That is according to a survey conducted at the...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18160"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=18160"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18160\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}